Rolling Base Period Law and Legal Definition

According to 18 CFR 284.262 [Title 18 Conservation of Power and Water Resources; Chapter I Federal Energy Regulatory Commission, Department of Energy; Subchapter I Other Regulations Under The Natural Gas Policy Act of 1978 and Related Authorities; Part 284 Certain Sales and Transportation of Natural Gas Under The Natural Gas Policy Act of 1978 and Related Authorities; Subpart I Emergency Natural Gas Sale, Transportation, and Exchange Transactions], rolling base period means a time period in which entitlements of the customers of an interstate pipeline are established pursuant to the pipeline's currently effective curtailment plan and which is periodically updated to reflect recent gas requirements of such customers.